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Ruston Company Balance Sheet As of January 24, 2019 (amounts in thousands) Cash 9,000 Accounts Payable 1,200 Accounts Receivable 3,400 Debt 3,600 Inventory 5,100 Other
Ruston Company Balance Sheet As of January 24, 2019 (amounts in thousands) | |||
---|---|---|---|
Cash | 9,000 | Accounts Payable | 1,200 |
Accounts Receivable | 3,400 | Debt | 3,600 |
Inventory | 5,100 | Other Liabilities | 2,100 |
Property Plant & Equipment | 17,500 | Total Liabilities | 6,900 |
Other Assets | 600 | Paid-In Capital | 5,900 |
Retained Earnings | 22,800 | ||
Total Equity | 28,700 | ||
Total Assets | 35,600 | Total Liabilities & Equity | 35,600 |
Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question.
Jan 25. Borrow $55,000 from a bank Jan 26. Buy $14,000 worth of manufacturing supplies on credit Jan 27. Pay $7,000 owed to a supplier Jan 28. Receive payment of $12,000 owed by a customer Jan 29. Issue $75,000 in stock
What is the final amount in Total Assets?
Please specify your answer in the same units as the balance sheet.
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